NOT LISTED FOR SALE
12 Beds
7 Baths
6,076 Sq Ft
1962 Built

Last Sold February 09, 2024

Last sale price $1,400,000 $230 Per Sq Ft

65 Days on Market

Highlights

  • View of Trees or Woods
  • Landscaped with Trees
  • Heating unit installed on the ceiling
  • Adams Elementary School Rated A-
  • Property is near bus stop
  • Laundry Facilities

About This Home

As of February 2024

Don't miss your chance to become the proud owner of a prime 7-unit investment property nestled in the highly sought-after downtown Eugene area. Boasting a robust rental history and an impressive track record of low vacancy rates, these units offer an exceptional investment opportunity with boundless potential. Convenience is key, as the property features on-site laundry facilities and generously sized living areas within each unit. Residents will relish the proximity to various shopping options, convenient access to bus lines, and a plethora of other amenities at their fingertips. Seize this golden opportunity to make a wise investment in a thriving location! Please do not disturb tenants.

Last Agent to Sell the Property

Josh Cooley

Keller Williams The Cooley Real Estate Group License #200709155 Listed on: 07/28/2023

Keller Williams The Cooley Real Estate Group

Co-Listed By

Brian House

Keller Williams The Cooley Real Estate Group License #201220849

Keller Williams The Cooley Real Estate Group

Last Buyer's Agent

Brian House

Keller Williams The Cooley Real Estate Group License #201220849

Keller Williams The Cooley Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,578

Year Built

  • Built in 1962

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • Assigned Parking

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Views of Woods
  • Dishwasher

Location

  • Property is near bus stop

Schools

  • Adams Elementary School
  • Roosevelt Middle School
  • South Eugene High School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 0270155

Community Details

Overview

  • 7 Units

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $19,704
  • Gross Income $114,600
  • Net Operating Income $94,896

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,578

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1962
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 1400000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: None
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Commons, Level, OnBusline, Trees
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Flat
  • View: TreesWoods

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Ceiling
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons, Laundry

Schools

  • Elementary School: Adams
  • High School: South Eugene
  • Middle Or Junior School: Roosevelt

Lot Info

  • Zoning: R-3
  • Parcel #: 0270155

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6577.51

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 12.22
  • Annual Gross Income: 114600.0
  • Property Net Operating Income: 94896.0
  • Annual Operating Expense: 19704.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $1,400,000 0.0% $230 / Sq Ft
10/03/2023 10/03/23 Off Market $1,400,000 -- --
10/02/2023 10/02/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $1,475,000 +40.5% $243 / Sq Ft
12/06/2021 12/06/21 Sold $1,050,000 -12.5% $173 / Sq Ft View Prior Sale
10/01/2021 10/01/21 Pending -- -- --
09/24/2021 09/24/21 Price Changed $1,200,000 -7.7% $197 / Sq Ft
08/26/2021 08/26/21 Price Changed $1,300,000 -18.8% $214 / Sq Ft
08/06/2021 08/06/21 For Sale $1,600,000 -- $263 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,110 $364,893 -- --
2024 $7,021 $354,266 -- --
2023 $7,021 $343,948 $0 $0
2022 $6,578 $333,931 $0 $0
2021 $6,178 $324,205 $0 $0
2020 $6,200 $314,763 $0 $0
2019 $5,988 $305,596 $0 $0
2018 $5,636 $288,054 $0 $0
2017 $5,384 $288,054 $0 $0
2016 $5,250 $279,664 $0 $0
2015 $5,099 $271,518 $0 $0
2014 $4,997 $263,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23005157

Regional Multiple Listing Service (RMLS)